The International Energy Agency projects that spending on renewables in 2022 will exceed the record $440 billion invested last year. Despite the accelerated spending on green technologies, the world still is not on track to reach net-zero emissions by 2050, IEA said. Benjamin Storrow from E&E News discusses latest developments in an article on the … Continue reading While spending on renewables is going up globally, the increase is due to rising prices rather than investments in new clean energy capacity
Category: renewable energy
Clean energy funding to surge 12% in 2022, remains insufficient
Global energy investment is set to increase by 8% this year, the energy forum has estimated. Dimitris Mavrokefalidis discusses the IEA report on the Energy Live News website. The report is available here. IEA: “Capital spending is insufficient to tackle the energy and climate crises” The current level of global capital spending is still … Continue reading Clean energy funding to surge 12% in 2022, remains insufficient
The pace of the transition is inadequate compared to the level necessary to address the worst risks of climate change
Today’s disruptive world, resulting from Covid-19 and the Ukraine-Russia war, presents the option to us – to gear up concrete actions on the ground to increase clean energy capacity and reshape end-use energy demand to phase down conventional energy sources and reduce external price shocks. Shafiqul Alam, an environmental economist, provides his views in an … Continue reading The pace of the transition is inadequate compared to the level necessary to address the worst risks of climate change
“The energy transition is not happening” writes REN21
Fossil fuels continue to dominate the energy sector by a wide margin, despite the unprecedented increase in wind and solar energy generation capacity. Perrine Mouterde writes on the Le Monde website about the new global status report from REN21. Despite record growth in renewables, 'the energy transition is not happening,' says new report With … Continue reading “The energy transition is not happening” writes REN21
Energy efficiency is back on the table in the face of rising costs and international conflicts
Lloyd Alter writes on the Treehugger website that energy efficiency is now seen as a critical solution to many of the world’s most urgent challenges. Now let’s see serious implementation to show it is true. International Energy Agency Calls for Serious Energy Conservation The International Energy Agency (IEA) was set up by former U.S. … Continue reading Energy efficiency is back on the table in the face of rising costs and international conflicts
The problem with renewable energy certificates
Anders Bjørn, Postdoctoral fellow in environmental science, Concordia University; H. Damon Matthews, Professor, Concordia University; Matthew Brander, University of Edinburgh; and Shannon M Lloyd, Concordia University, write on The Conversation website about a new study that shows that companies largely rely on renewable energy certificates to report steep electricity emissions reductions and that this is … Continue reading The problem with renewable energy certificates
EEA published latest GHG inventory showing substantial reductions in 2020
The European Union continued to record substantial greenhouse gas emissions reductions in 2020, posting an 11% drop compared to 2019, according to the latest official data published this week by the European Environment Agency. The data confirms a 30-year downward trend which led to the EU achieving its 2020 target to reduce emissions by 20% … Continue reading EEA published latest GHG inventory showing substantial reductions in 2020
A Turkish industry group has drawn up a comprehensive energy strategy for the country
The Anadolu Agency wrote on the Daily Sabah website about an industry group’s proposed energy strategy, focusing primarily on a transition from conventional sources to clean and renewable ones. It includes a national energy efficiency drive with $20 billion in financing for investments over the next 10 years. Industry group's 11-point plan to boost … Continue reading A Turkish industry group has drawn up a comprehensive energy strategy for the country
To beat the climate crisis and mitigate its impacts, we need to unleash the power of digitalisation
Pekka Lundmark, President and Chief Executive Officer at Nokia provided this article at the World Energy Forum, currently underway. There are important messages on the role of digitalisation. Why digitalization is our best shot at saving the planet To beat the climate crisis and mitigate its impacts, we need to unleash the power of … Continue reading To beat the climate crisis and mitigate its impacts, we need to unleash the power of digitalisation
Concerns about EU Innovation Fund not advancing European renewable energy technology
Several European renewable energy associations have united to call for changes to the EU’s Innovation Fund as its award criteria ‘puts renewable energy projects at a structural disadvantage’. Amir Garanovic discusses in an article on the offshore energy website. Renewable energy industry losing confidence in EU’s Innovation Fund Associations – including Ocean Energy Europe, … Continue reading Concerns about EU Innovation Fund not advancing European renewable energy technology
Energy in Demand - Sustainable Energy - Rod Janssen 